TITLE 6.7. INFRASTRUCTURE FINANCE 63000-64132›DIVISION 1. THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT 63000-63089.99›CHAPTER 6. Small Business Financial Assistance Act of 2013 63088-63089.99›ARTICLE 5. Expansion Fund and Trust Fund 63089.5-63089.62

§ 63089.57

California Government Code · 2026-09 edition · updated 2026-10-03 · California

Pursuant to this chapter and any directives and requirements adopted pursuant to this chapter, the state has residual interest in the funds deposited by the state to a trust fund account and to the return on these funds from investments. On dissolution, suspension, or termination of the corporation, these funds shall be withdrawn by the program manager from the trust fund account and returned to the expansion fund or temporarily transferred to another trust fund account. This provision shall be contained in the trust instructions to the trustee.

(Added by Stats. 2013, Ch. 537, Sec. 4. (AB 1247) Effective October 4, 2013.)

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California Government Code

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